Nevada § 360.700 Guaranteed allocation from Account for tax proceeds pledged to secure obligations

Nevada Statutes

§ 360.700 — Guaranteed allocation from Account for tax proceeds pledged to secure obligations

Nevada § 360.700

Title 32REVENUE AND TAXATION

Ch. 360General

DISTRIBUTION OF PROCEEDS OF CERTAIN TAXES TO LOCAL GOVERNMENTS

This text of Nevada § 360.700 (Guaranteed allocation from Account for tax proceeds pledged to secure obligations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 360.700 (2026).

Text

The Executive Director shall ensure that each local government, special district or enterprise district that:

1.Received, before July 1, 1998, any portion of the proceeds of a tax which is included in the Account; and

2.Pledged a portion of the money described in subsection 1 to secure the payment of bonds or other types of obligations, Ê receives an amount at least equal to that amount which the local government, special district or enterprise district would have received before July 1, 1998, that is pledged to secure the payment of those bonds or other types of obligations.

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The Executive Director shall ensure that each local government, special district or enterprise district that:
1. Received, before July 1, 1998, any portion of the proceeds of a tax which is included in the Account; and
2. Pledged a portion of the money described in subsection 1 to secure the payment of bonds or other types of obligations,
Ê receives an amount at least equal to that amount which the local government, special district or enterprise district would have received before July 1, 1998, that is pledged to secure the payment of those bonds or other types of obligations.